Argan SA (France) Market Value
| ARG Stock | EUR 66.30 0.20 0.30% |
| Symbol | Argan |
Argan SA 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Argan SA's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Argan SA.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Argan SA on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Argan SA or generate 0.0% return on investment in Argan SA over 30 days. Argan SA is related to or competes with Gecina SA, Altarea SCA, Icade SA, Covivio SA, and Mercialys. Argan SA engages in designing, building, developing, owning, leasing, and managing logistical platforms in France More
Argan SA Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Argan SA's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Argan SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 7.66 | |||
| Value At Risk | (2.24) | |||
| Potential Upside | 1.79 |
Argan SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Argan SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Argan SA's standard deviation. In reality, there are many statistical measures that can use Argan SA historical prices to predict the future Argan SA's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.44) | |||
| Treynor Ratio | 1.21 |
Argan SA Backtested Returns
Argan SA secures Sharpe Ratio (or Efficiency) of -0.13, which signifies that the company had a -0.13% return per unit of standard deviation over the last 3 months. Argan SA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Argan SA's mean deviation of 1.05, and Risk Adjusted Performance of (0.11) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.18, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Argan SA are expected to decrease at a much lower rate. During the bear market, Argan SA is likely to outperform the market. At this point, Argan SA has a negative expected return of -0.18%. Please make sure to confirm Argan SA's skewness, day typical price, and the relationship between the maximum drawdown and daily balance of power , to decide if Argan SA performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.45 |
Modest reverse predictability
Argan SA has modest reverse predictability. Overlapping area represents the amount of predictability between Argan SA time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Argan SA price movement. The serial correlation of -0.45 indicates that just about 45.0% of current Argan SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.45 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.18 |
Argan SA lagged returns against current returns
Autocorrelation, which is Argan SA stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Argan SA's stock expected returns. We can calculate the autocorrelation of Argan SA returns to help us make a trade decision. For example, suppose you find that Argan SA has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Argan SA regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Argan SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Argan SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Argan SA stock over time.
Current vs Lagged Prices |
| Timeline |
Argan SA Lagged Returns
When evaluating Argan SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Argan SA stock have on its future price. Argan SA autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Argan SA autocorrelation shows the relationship between Argan SA stock current value and its past values and can show if there is a momentum factor associated with investing in Argan SA.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Argan Stock
Argan SA financial ratios help investors to determine whether Argan Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Argan with respect to the benefits of owning Argan SA security.